Second Equity Capital Contribution Date definition
Examples of Second Equity Capital Contribution Date in a sentence
NHC shall notify Investor in writing at the time and in the manner provided in Section 2.7 hereof as to (A) the number and type of Turbines, and the nameplate rated capacity of such Turbines in megawatts, that will be Placed in Service on or prior to the Second Equity Capital Contribution Date, and (B) a computation of the Second Equity Capital Contribution Amount.
Upon its establishment, the SCPPA Cost Reserve shall be funded at such time with an amount equal to the aggregate total of all reimbursement payments received by the Project Company from SCPPA for Taxes and Operating Insurance premiums (as defined in the PPA) from the Second Equity Capital Contribution Date until the date such sub-account is established.
If, as of the Second Equity Capital Contribution Date, fewer than 100% of the Turbines have been Placed in Service, then, upon the satisfaction or waiver of the conditions set forth in Section 2.8, the Investor shall make a Third Equity Capital Contribution.
The Second Equity Capital Contribution to be made by the Investor upon the Second Equity Capital Contribution Date shall be in the Second Equity Capital Contribution Amount.
The SCPPA Cost Reserve will be established as a sub-account of the O&M Reserve upon the Second Equity Capital Contribution Date (if all required consents to the establishment of such sub-account under the Existing Financing Credit Agreement have been obtained.
Subject to the terms and conditions in this Contribution Agreement, on the Second Equity Capital Contribution Date, Investor shall deliver to the Company, by wire transfer to such account or accounts as NHC may designate in a written notice given to Investor no later than 5 Business Days before the Second Equity Capital Contribution Date, an amount equal to the Second Equity Capital Contribution Amount.
The Company shall cause the Independent Engineer to provide the updates, bring downs, or supplements, as the case may be, to the Independent Engineer Report (certified by the Independent Engineer to be true and correct) contemplated pursuant to Section 5.02(l) not less than twenty (20) days nor more than sixty (60) days prior to the Initial Equity Capital Contribution Date and not less than fifteen (15) days nor more than thirty (30) days prior to the Second Equity Capital Contribution Date.
On the Second Equity Capital Contribution Date, each Class A Equity Investor shall pay its Second Equity Capital Contribution in immediately available funds as provided in Section 2.01.